Reliance Jio Infocomm Limited (RJIL) has signed a $1 billion long-term loan facility with the Korea Trade Insurance Corporation, K-SURE. The facility will be used to finance goods and services procured mainly from Samsung Electronics and Ace Technologies Corporation. According to RJIL, the facility has a door-to-door tenor of 10.75 years and will be K-SURE’s largest deal in India as well as the largest deal supported by
K-SURE in the telecom sector globally. This transaction marks the fourth K-SURE-covered facility for the Reliance Group in the past five years and the second K-SURE-covered facility for RJIL in the past three years. The facility was arranged by Australia and New Zealand Banking Group Limited and the Hongkong and Shanghai Banking Corporation. In addition, it saw participation from BNP Paribas, Commerzbank AG, Citibank N.A., ING Bank, JPMorgan Chase Bank, N.A., Mizuho Bank Limited, MUFG Bank Limited and Banco Santander, S.A.